StockNews.com upgraded shares of Hurco Companies (NASDAQ:HURC - Free Report) from a sell rating to a hold rating in a report released on Tuesday.
Hurco Companies Trading Up 0.9 %
HURC stock traded up $0.20 during midday trading on Tuesday, hitting $21.35. The stock had a trading volume of 6,254 shares, compared to its average volume of 17,582. Hurco Companies has a 52 week low of $14.82 and a 52 week high of $28.20. The stock has a 50-day simple moving average of $20.41 and a 200 day simple moving average of $19.47. The firm has a market capitalization of $137.68 million, a price-to-earnings ratio of -8.34 and a beta of 0.43.
Hurco Companies (NASDAQ:HURC - Get Free Report) last issued its quarterly earnings data on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share (EPS) for the quarter. Hurco Companies had a negative net margin of 8.90% and a negative return on equity of 7.78%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation raised its stake in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 27.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,555 shares of the scientific and technical instruments company's stock after buying an additional 5,314 shares during the quarter. Hurco Companies accounts for about 0.1% of George Kaiser Family Foundation's portfolio, making the stock its 17th largest position. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 74.36% of the company's stock.
About Hurco Companies
(
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Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.
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